Equity Residential’s SEC filings document operating results and financial condition for its apartment portfolio, including 8-K earnings exhibits with consolidated statements, FFO and Normalized FFO measures, balance sheets, portfolio summaries, same-store results, debt summaries, capital structure, development and lease-up projects, residential capital expenditures and non-GAAP reconciliations.
Other filings cover Regulation FD investor presentations, ERP Operating Limited Partnership disclosure, proxy materials for annual meeting governance, executive compensation and shareholder voting matters, and legal contingencies involving multifamily rental software antitrust litigation. The filing record also reflects share and unit data, operating partnership structure, debt instruments and governance reporting for the Maryland issuer.
Equity Residential director Angela M. Aman received a grant of 3,561 restricted units as long‑term equity compensation. These Series 2026C restricted limited partnership interests in ERP Operating Limited Partnership automatically convert into the same number of OP Units once a tax-related capital account target is met within ten years.
The award is intended for prospective service from the 2026 Annual Meeting of Shareholders, vests on June 18, 2027, and is subject to a holding restriction until June 18, 2028. Subject to vesting and other conditions, OP Units can be exchanged on a one-for-one basis for Equity Residential common shares or their cash value at the company’s option.
Equity Residential reported results from its 2026 Annual Meeting of Shareholders. All ten trustee nominees were elected for one-year terms ending at the 2027 annual meeting. Each nominee received over 318 million votes in favor, with broker non-votes of 15,241,514 recorded for the election proposal.
Shareholders ratified Ernst & Young LLP as independent registered public accounting firm for 2026, with 334,272,653 votes for and 19,247,519 against. On an advisory basis, shareholders approved the executive compensation described in the proxy statement, with 303,275,382 votes for and 34,423,665 against, plus 15,241,514 broker non-votes.
Equity Residential and AvalonBay Communities detail leadership and compensation plans for their previously announced all‑stock merger of equals. Benjamin Schall, current AvalonBay CEO and incoming CEO of the combined company, will receive a $1,000,000 base salary from January 1, 2027, with target annual cash, equity, and long‑term performance awards of $2,000,000, $2,850,000 and $6,650,000, respectively.
Executive offer letters for Michael Manelis (COO), Kevin O’Shea (CFO) and Scott Fenster (General Counsel) set 2027 base salaries of $800,000, $675,000 and $580,000, plus sizable cash, equity and performance‑vesting targets. Each will receive a one‑time Transaction Award in equity with target grant values of $6,250,000 for Schall, $4,500,000 for Manelis, $3,562,500 for O’Shea and $3,000,000 for Fenster, half service‑based and half performance‑based over three years.
The press release also names a broader executive team for the combined company and reiterates that the merger is expected to close in the second half of 2026, creating a platform with more than 180,000 rental apartments and a pro forma enterprise value of approximately $69 billion, subject to shareholder approvals and other customary conditions.
Equity Residential and AvalonBay Communities have signed a definitive all‑stock merger-of-equals agreement to create a leading U.S. apartment REIT. Each AvalonBay common share will be converted into 2.793 Equity Residential common shares, with AvalonBay investors owning about 51.2% of the combined company and Equity Residential shareholders 48.8%.
The combined business is expected to have a pro forma equity market value of about $52 billion, total enterprise value of about $69 billion and more than 180,000 rental apartments. Management targets gross annual operating synergies of $175 million and net run-rate synergies of $125 million, and plans an initial annual dividend of $2.81 per share, matching Equity Residential’s current rate. The deal remains subject to shareholder approvals, regulatory clearances and other customary conditions, with termination fees of approximately $1.005 billion for Equity Residential and $1.070 billion for AvalonBay in specified scenarios. Governance will be split evenly between the two legacy boards, with Benjamin W. Schall as CEO and Stephen E. Sterrett as chairman.
Kaufman Ian reported acquisition or exercise transactions in this Form 4 filing.
Equity Residential Chief Accounting Officer Ian Kaufman reported routine equity compensation activity. On May 14, 2026, he received a grant of 32 Common Shares of Beneficial Interest at $53.31 per share through Equity Residential's Employee Share Purchase Plan. After this award, he directly holds 29,626 common shares, which include restricted shares scheduled to vest in the future, and indirectly holds 650 common shares in a 401(k) retirement savings plan from profit sharing contributions and dividend reinvestment activity through April 16, 2026.
EQUITY RESIDENTIAL received an Amendment No. 3 to Schedule 13G/A from T. Rowe Price Associates, Inc. reporting beneficial ownership of 18,228,049 shares, representing 4.8% of the class as disclosed in the filing. The filing lists sole voting power of 18,141,253 shares and sole dispositive power of 18,228,049 shares. The filing is signed by a T. Rowe Price Vice President on 05/15/2026 and references 03/31/2026 in the header.
Equity Residential and ERP Operating Limited Partnership reported lower quarterly earnings but slightly higher property-level income for the quarter ended March 31, 2026. Rental income rose to $779.8 million from $760.8 million, reflecting modest growth in the apartment portfolio.
Net income dropped to $93.1 million from $264.8 million, mainly because the prior year included large gains on property sales that did not recur. Diluted earnings per common share were $0.24, down from $0.67. Net operating income, which focuses on property performance, increased to $513.2 million from $505.1 million.
The company was highly active in capital management, using about $219.4 million to repurchase and retire 3.46 million common shares at an average price of $63.42, reducing outstanding shares to roughly 374.7 million. Total assets were about $20.5 billion, with total debt (mortgages and unsecured) around $8.3 billion. Operating cash flow remained strong at $400.5 million for the quarter, funding development spending and supporting distributions.
Equity Residential (EQR) Schedule 13G: Vanguard Capital Management reports beneficial ownership of 26,590,972 shares of Common Stock, representing 7.04% of the class as of 03/31/2026. The filing shows sole voting power for 3,746,237 shares and sole dispositive power for 26,590,972 shares.
Equity Residential (EQR) beneficial ownership disclosure: Vanguard Portfolio Management reports beneficial ownership of 31,250,774 shares of Common Stock, representing 8.27% of the class. The filing states Vanguard has sole dispositive power over 31,250,774 shares and sole voting power for 45,913 shares. The statement explains holdings include Vanguard funds and managed accounts and is signed by Ashley Grim on 04/29/2026.
Equity Residential reported first quarter 2026 results showing mixed trends. Diluted EPS was $0.24, down from $0.67 a year earlier, mainly due to much lower gains on property sales and various adjustment items. Rental income rose to $779.8 million from $760.8 million, and net income attributable to common shares was $89.7 million.
Key REIT metrics were steadier: FFO per share was $0.89 versus $0.94, while Normalized FFO per share increased to $0.99 from $0.95, helped by same store NOI growth and corporate overhead and share repurchase impacts. Same store revenues grew 2.2% and same store NOI increased 1.4%, with physical occupancy at 96.5% and resident turnover at a record low 7.8%.
The company repurchased and retired about 3.5 million common shares at a weighted average price of $63.42, totaling roughly $219.4 million, and increased the annual dividend to $2.81 per share. For second quarter 2026, guidance calls for EPS of $0.28–$0.32, FFO per share of $0.97–$1.01 and Normalized FFO per share of $0.98–$1.02.